Buy to Let Property For Sale UK

Midland Road Luton

From: £175,882
Completed development
Communal roof terrace for residents
Stone's throw from Luton train station
Town centre location

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Luton Town Centre Buy to Let | Property for Sale in Luton


Midland Road is a new buy to let investment opportunity in Luton town centre.

The development consists of one and two-bedroom luxury apartments over eight storeys starting from £175,882.

Luton has been named as the best place for first time property buyers according to Zoopla. With its proximity to London and comparatively low property prices, investors have the opportunity to make good levels of capital growth when it is time to sell.

Key Figures

£175,882
Starting Price

6%
Net Yield

Q4 2020
Completion Date

Investment Details

Midland Road – Luton town centre buy to let: investment fundamentals

  • One-and-two-bedroom luxury apartments available
  • Completed property
  • Prices from £175,882 for a one-bedroom apartment
  • Two Bed £217,193.97
  • Stone's throw from Luton's train station
  • Luton town centre location
  • High capital growth area

About the town of Luton

Luton is the most affordable London commuter town and there are 615 trains running between Luton and London every day. The fastest route takes just 22 minutes into London St Pancras, making London fast and convenient to reach. Not only does it boast excellent travel links to London, the city itself is also dramatically improving. In 2016 a £1.5billion programme was announced to improve the town over the next twenty years. The improvements include a new football stadium and housing, a revamped shopping centre and 70 acres of commercial space. As the town becomes more desirable and people are being priced out of London, there is certainly room for capital growth, and the town as experienced the beginnings of that already.


Why invest in Luton buy to let?

Luton has an overall average house price of £261,124 making it one of the most affordable commuter towns for London, the affordability has increased its appeal as house prices have increased by 13% since 2016. Comparing that to London where the average is £727,767 and prices have only increased by 5% since 2016 and you can understand why people are choosing to invest in Luton where prices are lower but rising at a more rapid pace.

Luton’s population is also increasing at a faster rate than they are building houses in the town; with approximately 430 houses being built a year yet needs 1417 houses to be built to meet demand. This means that there will be increased pressure on existing housing which will have a positive effect on rental yields. Contact us today to learn more about this Luton buy to let opportunity or other buy to let opportunities across the UK.

The Numbers

Ground Rent:

Number of Units: 32 x 1 and 17 x 2 bedroom apartments over 8 Floors

Service Charge:

Prices: 1 Bedroom- £175,882 & 2 Bedroom- £217,193.97

Leasehold:

Luton Railway Station
The Mall Luton
500 Capability Green Business Park
London Luton Airport
Hillborough Junior, Infant and Nursery School
University of Bedfordshire
  • Generously sized bedrooms
  • Fully tiled bathrooms
  • Spotlights
  • Gas central heating
  • Integrated kitchens
  • Lift to all floors
  • Parking spaces subject to availability
  • Secure residents' entrance
  • Automated video door entry system
  • Ground floor comprises restaurant and amenity space
  1. £3000 reservation deposit
  2. 10% exchange deposit
  3. Complete within 30 days

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